Inflation
Kganyago: Inflation in check for now but threats remain
South African Reserve Bank Governor Lesetja Kganyago announced on Thursday that the reserve bank had decided to keep the repo rate unchanged at 3.5%.
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Consumer price inflation hits 30-month high in May - Stats SA
Statistics South Africa said that the key driver behind the acceleration in headline CPI inflation was the transport component, the contribution of which increased by a sizeable point 5.2%.
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StatsSA: Food, non-alcoholic beverages led to high inflation rate in March
The annual headline inflation quickened slightly to 3.2% in March from 2.9% in February, rising back to the Sa Reserve Bank’s inflation target range of between 3% and 6%.
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Economist expects CPI to lift above 3%
Economist at RMB, Siobhan Redford, has explained that the CPI rate would be positively influenced by rising fuel prices.
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Fuel price, electricity tariff hikes raise concerns of inflation knock-on effect
The Reserve Bank has set it's inflation target of between 3% and 6% and there were concerns that a double blow of electricity and fuel price increases would affect this.
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Medical aids one of biggest drivers of lower CPI rate in Feb - economists
Stats SA said that the average annual increase across medical aid schemes in February was 4.7%, which was substantially lower than the 9.6% recorded in the same month last year.
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Repo rate to remain unchanged at 3.5%
This come after the bank's Monetary Policy Committee cut the repo rate by 275 basis points last year to try and counter the effects of negative growth due to COVID-19.
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Reserve Bank keeps repo rate unchanged at 3.5%
Prior to Thursday's announcement, the bank's Monetary Policy Committee had cut the repo rate by 275 basis points this year to try and counter the effects of negative growth due to COVID-19.
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Over 100 Zimbabwean shop owners arrested for not accepting local currency
The arrested shopkeepers have been charged with breaching a section of the Bank Use Promotion Act.
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CPI dips lower to 4.1% in March
Annual CPI inflation dipped lower to 4.1% in March from February’s reading of 4.6%, according to data from Stats SA on Wednesday.
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SA annual consumer inflation slows to 9-year low
The year-on-year CPI reading was the lowest since December 2010, when the rate was 3.5%
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Repo rate to remain unchanged at 6.5%
The repo rate is the rate at which the central bank lends money to commercial banks.
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There's room for repo rate cut, some economists say ahead of rates announcement
On Wednesday, Stats SA announced that the headline consumer price index fell to 3.7% in October, down from 4.1% the month before.
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Inflation slows to 8-year low, putting rates cuts back in picture
Headline consumer inflation slowed to 3.7% year-on-year in October from 4.1% in September while monthly price growth was flat at 0%.
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CPI eases to 4% in July from 4.5%
The consumer price inflation eased to 4,0% in July 2019 from 4,5% in June 2019, data released by StatsSA on Wednesday showed.
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Zimbabwe poised to raise public workers pay again
Zimbabweans are angry as year-on-year inflation of around 100% has eaten the value of their wages and savings, recalling the horrors of the hyperinflation era in 2008.
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SA consumer inflation quickens to 4.5% in May
Core inflation - which excludes the prices of food, non-alcoholic beverages, petrol and energy - was at 4.1% year on year versus a 4.1% increase in April.
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CPI falls to 4% in January from 4.5%
Statistics South Africa says headline consumer inflation fell to 4% year on year in January from 4.5% in the previous month.
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CPI slows to 4.5% from 5.2%
Statistics South Africa released the data on Wednesday.
